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Creating the Next Silicon Valley – The Chilean Experiment

Steve Blank

The government ; the Innovation Division of the Ministry of Economy , the Chilean Economic Development Agency , (CORFO) which sponsored Start-Up Chile and Do Future in Patagonia as well as Fundacion Chile , the main R&D agency and the National Innovation Council. Perhaps because the cost of a public failure is so high in Chile.

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Effective Cost-Saving Rules for Manufacturers

The Startup Magazine

Due to lockdowns, layoffs and other measures forced by the virus, some manufacturers had to pronounce bankruptcy and completely stop their business actions. With all that in mind, we can see how important it is to reduce costs to stay afloat. Examine shipping costs. Invest in efficient technology. Reduce energy consumption.

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Why Employer-Sponsored Health Insurance Is A Thing Of The Past And What You Should Do About It

YoungUpstarts

In fact, since 2000, more than 10 million Americans have filed personal bankruptcy due to their employers’ failed health insurance plan. Basically, employees purchase their own individual policies on the open market (a purchase frequently offset by government subsidies), and employers reimburse them. For many, it’s been a struggle.

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Nuts & Bolts of Intellectual Property for New Startups

Gust

It’s possible to have a company with literally millions of customers (users) that employs only a handful of people, working in a small rented office, with hardware and software costing in the tens of thousands rather than millions of dollars. Most of our early-stage startup clients fit this description.

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7 Ways to Improve the Financial Management of Your Business

The Startup Magazine

Adopting best practices and implementing effective tools and strategies can streamline your financial processes, reduce costs, and improve your bottom line. 1. While most businesses are aware of high-level expenses, they are typically unaware of what’s costing them money daily. Unsurprisingly, 97.2% 7. Manage risks.

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Strangling Innovation: Tesla versus “Rent Seekers”

Steve Blank

Rent seekers are individuals or organizations that have succeeded with existing business models and look to the government and regulators as their first line of defense against innovative competition. They use government regulation and lawsuits to keep out new entrants with more innovative business models. Rent Seekers. No regulation?

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Common Bankruptcy Law Questions Answered

The Startup Magazine

Bankruptcy is an often misunderstood practice you don’t run up debts and then just magically go bankrupt it is much more complex. Although there are a lot of rules governing what it can and can’t do, you can’t just run up debts and then get declared bankrupt so you don’t have to pay anything back. Does a bankruptcy clear all debts?